UPS Applauds Administration on Engaging in New Services Trade Deal

WASHINGTON--(BUSINESS WIRE)--UPS (NYSE:UPS) strongly supports the implementation of an international
services agreement (ISA) that will open new trading opportunities to
businesses large and small. We commend the Obama Administration for
providing formal notification to the U.S. Congress of the intention of
the United States to enter into the current negotiations that are taking
place in Geneva.

The ISA negotiations are among a group of 21 trading partners, who
represent nearly two-thirds of global trade in services, with the
objective of promoting international trade in services and supporting
increased U.S. service exports and jobs.

“The American services sector generates more than 75 percent of national
economic output and provides 80 percent of the jobs in the country,
making it imperative that the U.S. government support commercially
meaningful trade agreements that allow U.S. companies to compete on a
level playing field in the world marketplace,” said Dan Brutto, UPS
International President. “At this critical point in the global economic
recovery, it is essential that the U.S. continue to be a leader in trade
negotiations.”

Brutto added, “Services are the lifeblood of our economy and of global
commerce – the indispensable enabler of everything from trade in
agriculture and manufacturing to the development and sale of high-tech
products. If you want to make it, move it, buy it, or sell it, you need
services – professional, financial, retail services and, of course, the
delivery and logistics services to get products to market.”

UPS, as the world's largest package delivery company, has long been
committed to breaking down barriers and encouraging the economic growth
and jobs that come with increased trade.

UPS (NYSE:UPS) is a global leader in logistics, offering a broad
range of solutions including the transportation of packages and freight;
the facilitation of international trade, and the deployment of advanced
technology to more efficiently manage the world of business.Headquartered
in Atlanta, UPS serves more than 220 countries and territories worldwide.The company can be found on the Web at UPS.com
and its corporate blog can be found at blog.ups.com.To get UPS news direct, visit pressroom.ups.com/RSS.